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TOKYO, July 7 (Reuters) – Japanese stocks rose on Thursday as investors continued to buy battered tech stocks, with sentiment supported by Wall Street’s overnight gains.
Nikkei inventory gained 0. 73% to 26,298. 66 and the broader Topix rose 0. 65% to 1,867. 98 on the lunch break.
Wall Street closed higher overnight as investors digested new clues about the U. S. central bank’s policy rates. The U. S. Food and Drug Administration and its fight against inflation detailed in the minutes of the Federal Reserve’s most recent meeting.
“There are no more surprises in the Fed minutes,” said Shogo Maekawa, global market strategist at J. P. Morgan Asset Management.
“Recent economic knowledge in the U. S. The U. S. has also erased considerations about economic uncertainties. “
Robot maker Fanuc rose 2. 63% and gave the Nikkei index the most powerful boost. Air conditioner maker Daikin Industries added 1. 69%.
KDDI rose 1. 41 percent after the cellphone operator’s networks returned to normal after a disruption to the national formula that affected nearly 40 million users this week.
Aeon jumped 9. 88% to the more sensible nikkei after posting a record quarterly profit.
Sumitomo Mitsui Trust Holdings rose 0. 66% after announcing a $1500 million investment in the budget controlled through Apollo Global Management.
Airlines and railways fell 0. 77% and 1%, respectively, amid emerging COVID-19 cases worldwide.
The J. Front Retailing Co chain had the worst performance in the Nikkei with a fall of 3. 13%, followed by Keisei Electric Railway, which lost 2. 99%.
There were 154 gains in the Nikkei index against declines. (Reported via Junko Fujita; edited via Uttaresh. V)